https://www.taxtmi.com/forum/issue?id=120102 Turnover-based discounts issued as commercial credit notes without GST adjustment are commercial adjustments and should be recorded by the buyer as other income or discounts received rather than netted against purchases, unless they are directly attributable to specific purchase invoices or require ITC reversal; maintain documentation and follow ICAI and Revised Schedule III guidance. en-us Fri, 06 Jun 2025 00:31:54 +0530 Fri, 06 Jun 2025 20:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120102 Turnover-based discounts issued as commercial credit notes without GST adjustment are commercial adjustments and should be recorded by the buyer as other income or discounts received rather than netted against purchases, unless they are directly attributable to specific purchase invoices or require ITC reversal; maintain documentation and follow ICAI and Revised Schedule III guidance. Discussion-Forum Companies Law Fri, 06 Jun 2025 00:31:54 +0530 https://www.taxtmi.com/forum/issue?id=120102